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ING Groep ADR Rep 1 Ord Shs ING

ING Groep N.V. (ING) is a financial institution. The Company offers banking services. The Company's segments include Retail Netherlands, which offers current and savings accounts, business lending, mortgages and other consumer lending in the Netherlands; Retail Belgium, which offers products that are similar to those in the Netherlands; Retail Germany, which offers current and savings accounts, mortgages and other customer lending; Retail Other, which offers products that are similar to those in the Netherlands, and Wholesale Banking, which offers wholesale banking activities (a full range of products from cash management to corporate finance), real estate and lease. The Company's Retail Banking business lines provide products and services to individuals, small and medium-sized enterprises (SMEs) and mid-corporates. ING's banking activities in Australia are undertaken by ING Bank (Australia) Limited (trading as ING Direct) and ING Bank NV Sydney Branch.


NYSE:ING - Post by User

Post by prestedon Aug 14, 2024 11:09am
484 Views
Post# 36178540

Buying opportunity

Buying opportunityHope anyone who hasn't filled their position is using this opportunity to load up.

ING posts 2Q2024 net result of EUR1,780 million, underpinned by strong income in Retail and Wholesale Banking

Thursday, August 1, 2024, 1:00 AM ET
 


ING posts 2Q2024 net result of EUR1,780 million, underpinned by strong income in Retail and Wholesale Banking

ING posts 2Q2024 net result of EUR1,780 million, underpinned by strong income in Retail and Wholesale Banking
 2Q2024 profit before tax of EUR2,568 million with a four-quarter rolling average RoE of 14.0% -- Significant mobile primary customer growth of 248,000 across markets -- Net interest income remains resilient, supported by increased lending and deposit volumes -- Continued strong fee income, driven by daily banking and investment products in Retail Banking -- ING will pay an interim cash dividend of EUR0.35 per ordinary share


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